The trade deficit of Macau in the period from January to November 2018 increased by 23.35% to 71.058 billion patacas (US$8.882 billion), according to the Statistics and Census Bureau.
The negative trade balance in the period under review was due to the fact that exports amounted to 11.148 billion patacas, a year-on-year increase of 7.4%, but imports amounted to 82.207 billion patacas, with year-on-year growth of 21.1%.
The value of goods imported from mainland China (28.89 billion patacas) and the European Union (20.46 billion patacas) in the first eleven months of 2018 increased by 27.0% and 18.6% respectively against the same period of 2017.
The value of goods imported from the Portuguese-speaking countries (722 million patacas) and the countries of the “Belt and Road” initiative, with the exception of the Greater China region (7.11 billion patacas) increased by 22.5% and 16.9%, respectively.
In November alone, the Macau balance of trade recorded a deficit of 7.040 billion patacas, due to exports of 1.023 billion patacas (+1.8%) and imports of 8.063 million patacas (+6.7%). (macauhub)